The trading activity of Bitcoin is now significantly affected by the trading hours of the US stock market, with lower activity during the weekends and a relatively subdued market.
Today, most of the large trades were executed as spread combinations. The most traded spread was the bullish market spread, followed by the bearish market spread. The market sentiment for mainstream coins has been relatively stable in recent days.
There were only two large trades of over $20 million today. One party was bullish on a price above $70,000, while the other was bearish on a price below $65,000, indicating a direct confrontation.
Currently, the trend is weak, and the IV is still in a relatively high range, with an increasing profit-loss ratio for selling.
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